Zynga May Be Valued At About $4 Billion

Posted May 4, 2010

Zynga has filed a report that authorized the issuance of 1.9 million shares of Series B-2 Preferred Stock at an issue price of $12.87 per share. According to Lou Kerner of SecondShares.com, this gives Zynga a $4 billion valuation based on an estimate of 320 million shares outstanding. No word on who the shares are being bought by, but it may have something to do with Zynga’s partnership with Softbank in Japan. [BusinessInsider]